Daily Archives: September 30, 2012

The word “economy” comes from the Greek “oikos” meaning “hearth” or “household”. Everybody has a household economy that looks slightly different from that of their neighbors. However, because of the nature of a monetary economy, household economies are linked quite tightly together and trends that effect one household start to have effects in other households soon or over the longer term. While within the same economy some households can prosper while others do not, generally there is a movement in tandem for some obvious reasons related to how society and the monetary system work. Continue reading →

Share this:

Thursday, September 29, 2012, William Black, Randall Wray and Michael Hudson appeared on KCUR.org’s Central Standard. The discussion was a roundtable on all things Post-Keynesian. This link will take you to KCUR’s page where you can listen the discussion.